MEPP has transfer agreements with a number of public sector pension plans in Canada. When you leave your MEPP employer, you might be able to transfer your funds directly to your new employer's pension plan.
Timelines vary between agreements. If you are considering transferring out of MEPP, contact Member Services and your new employer as soon as possible.
If you have combined pensionable service (CPS) between MEPP and PSPP, you cannot transfer your pension if you are still contributing to the related plan.
Note: You are not able to transfer your service out of MEPP if you qualify for an unreduced MEPP pension. In other words, you may not transfer funds from MEPP if you:
- are 60 years of age or older; and
- have enough points to meet the 80 factor.